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FTC: Romance Scammers Swindled $143M From Consumers In 2018

PYMNTS

12) about potential “romance scams,” which cost victims a collective $143 million last year. The FTC said these particular types of scams cost people more than any other type of swindling, and that they’re expected to become more common. Also, make sure to notify any dating site on which the person tried to scam.

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Victims Of Tech Support Scam Get Refunds

PYMNTS

To support scam victims, the Federal Trade Commission (FTC) will start to send refunds of over $1.7 million to consumers who fell victim to a tech support scam, the agency said in a press release. The FTC will start to provide 57,960 refunds with an average of approximately $30 to each of the scam’s victims.

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FTC: Millennials Report Losing $71M To eCommerce Fraud In Two Years

PYMNTS

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. The top five frauds to which millennials report losing money are online shopping frauds, business imposters, government imposters, fake check scams and romance scams.

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Chase On Using Machine Learning To Crack Fraud’s Goldilocks Conundrum

PYMNTS

meanwhile, are urging consumers to be careful of a particular type of social scam. The Federal Trade Commission (FTC) reports that U.S. consumers lose more to romance-based fraud than any other type of scheme. Federal regulators in the U.S.,

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6 Types of COVID-19 Scams to Watch Out For

FICO

This can also take shape as a romance scam, where the criminal creates an enticing fake profile and builds a relationship with their unsuspecting victim. Quid pro quo scams offer a benefit to the victim in exchange for information. Sign up for free Federal Trade Commission (FTC) scam alerts. Quid Pro Quo.

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Millennials Impacted By Fraud More Than Older Consumers

PYMNTS

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. The top five frauds to which millennials report losing money are online shopping frauds, business imposters, government imposters, fake check scams and romance scams.

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Why Being Proactive Can Create Fraud Blind Spots

PYMNTS

are urging consumers to be cautious of a particular type of social scam. The Federal Trade Commission (FTC) reports that U.S. consumers lose more to romance-based fraud than any other type of scheme. According to PYMNTS research, federal regulators in the U.S.